$525,000

8041 Rainbow Rd Lake Tomahawk, WI 54539

Estimated payment $3,050/month

3 Beds
2 Baths
1,452 Sq Ft
$362 Price per Sq Ft

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • Lake Front
  • Chalet
  • Wood Burning Stove

About This Home

Charming & updated 3BR/2BA chalet-style home. The property includes shared 1/2 interest in 50' deeded access parcel to beautiful Tomahawk Lake, part of the full-rec Minocqua Chain—perfect for boating, fishing, swimming, & year-round enjoyment. Situated on a peaceful wooded lot, this inviting Northwoods retreat features 1,560 sqft of living space with a bright open-concept layout that’s perfect for entertaining or relaxing by the cozy wood-burning fireplace. Modern conveniences include gas-forced air heating, central air, & high-speed internet, making it ideal for both year-round living or vacation use. The home boasts a large open sundeck ideal for enjoying the fresh air & surrounding nature. Just a few blocks from charming downtown Lake Tomahawk, you’ll have easy access to local shops, dining, & community events. Additional features include a partially-finished basement, city sewer, well, 1-car att garage, & all appliances. A rare blend of comfort, convenience, & Northwoods charm!

Listing Agent

Renee Rasmussen

REDMAN REALTY GROUP, LLC Listed on: 07/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,627

Year Built

  • Built in 1983

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 120x169
  • Lake Front
  • Property fronts an easement
  • Rural Setting
  • Stone Retaining Walls
  • Wooded Lot

Parking

  • 1 Car Garage
  • Heated Garage
  • Shared Driveway

Home Design

  • Chalet
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Carpet
  • Washer and Dryer
  • Property Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • Open Patio

Schools

  • Mhlt Elementary School
  • Lakeland Union High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Drilled Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Plat Of Hilltop Subdivision
  • Shops

Listing and Financial Details

  • Assessor Parcel Number 01001-0756-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,627

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size: 120x169
  • Road Frontage Type: Easement, Town Road
  • Road Surface Type: Paved
  • Water Body Name: TOMAHAWK
  • Ownership: Fee Simple
  • Subdivision Name: Plat of Hilltop
  • Directions: From Hwy 47 in downtown Lake Tomahawk, turn west onto Rainbow Rd (0.2 mi) to property on the left.
  • Above Grade Finished Sq Ft: 1252.0
  • Architectural Style: Chalet/Alpine
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Year Built: 1983
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Gas Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 200.0
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Main Level Primary, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Lake Front, Rural Lot, Wooded, Waterfront, Retaining Wall
  • View: Yes
  • Waterfront Features: Shoreline - Fisherman/Weeds, Deeded Access, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Open, Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Underground, Garage, One Car Garage, Heated Garage, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, In Basement
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Drilled Well

Condo/Co-op/Association

  • Community Features: Shopping

Schools

  • Elementary School: ON MHLT
  • High School: ON Lakeland Union

Lot Info

  • Lot Size Sq Ft: 19751.0
  • Parcel #: 01001-0756-0000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1627.0
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,840 $262,200 $59,000 $203,200
2023 $1,896 $262,200 $59,000 $203,200
2022 $1,879 $171,800 $39,000 $132,800
2021 $1,970 $171,800 $39,000 $132,800
2020 $1,865 $171,800 $39,000 $132,800
2019 $1,892 $171,800 $39,000 $132,800
2018 $2,063 $171,800 $39,000 $132,800
2017 $2,001 $171,800 $39,000 $132,800
2016 $1,872 $171,800 $39,000 $132,800
2015 $1,924 $171,800 $39,000 $132,800
2014 $1,924 $171,800 $39,000 $132,800
2011 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $525,000 +119.9% $362 / Sq Ft
08/27/2018 08/27/18 Sold $238,700 -4.4% $164 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $249,700 -- $172 / Sq Ft
Source: Greater Northwoods MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $238,700 Shoreline Title
Warranty Deed -- Shoreline Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 Land Contract Argmt. Of Sale
Source: Public Records

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Source: Greater Northwoods MLS

MLS Number: 213037

Greater Northwoods MLS

APN: LT 756